Saving means not spending some of your money. People save money to make a large purchase, to have money on hand in case something goes wrong (such as losing a job), or to invest.
Investing means putting your savings to work—earning interest, dividends or capital gains—so that your money will grow.
There are many different ways to invest, such as buying shares of a company in the stock market or through real estate.
Mutual funds are a favourite choice of many Canadians. Your financial advisor can help you decide if they’re right for you.